Home Cooling and Heating Equipment - Packaged Units Please click on the Tax Credit Certificate below for additional information and to determine if your model qualifies. Natural gas, propane, and oil furnaces with an annual fuel utilization efficiency rate (AFUE) of not less than 95 percent that are installed in the homeowner's principal residence and placed in service between Januand Decemmay qualify for a nonrefundable tax credit under Section 25C of the IRC for expenditures made for the furnace up to $150, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005. If an advanced main air circulating fan that meets the definition of “Qualified Energy Property” in Section 25C of the IRC, is installed in the homeowner's principal residence and is placed in service between Januand December 31, 2021, then the homeowner may qualify for a non-refundable tax credit under Section 25C of the IRC for expenditures made for the advanced main air circulating fan up to $50, subject to an overall lifetime limitation of $500 for all prior taxable years ending after December 31, 2005.
The attached certificates list the Goodman brand residential products identified as “Qualified Energy Property” as defined in Section 25C of the Internal Revenue Code (IRC), specific requirements, and the tax credit available.
The Federal government has retroactively extended the HVAC tax credits for qualifying HVAC equipment installed in a principal residence and placed in service between January 1, 2021, and December 31, 2021. Tax Certificates for Extended Federal Tax Credit Program of Qualifying Residential Indoor Comfort Systems
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